I always get a chuckle when I read the bantering of the nocoiners as they try to wrap their minds around the future of money. It's so easy to sit on the fence and be the critic.

All it would take for Paul Krugman to answer his own question would be to:

1. Actually open his mind and buy a Bitcoin.
2. Use it to buy something.

He would quickly find that Bitcoin is a system that actually works without having to put trust in government's ("the guys with the guns" - And that's why we need to trust them?! Really! lol!) and bank entities (the guys that were busy turning cash to trash during the 2008 financial crisis). If he just opened his mind for a second he might realize that the point of securing the network using "expensive" state of the art computation is to do so based on mathematical engineering rather than manual implementation of the above-mentioned parties.

In a world where we are losing our privacy right left and center having a money system that doesn't require us to divulge my identity with every transaction (thereby opening up a negative security scenarios in our hyper connected globalized world) is incredibly valuable.

And we haven't even touched the value the new money gives to the unbanked 3rd world...

@alaqrab! I'm glad you wrote this... It's always good to check in from time to time on what the main stream news channels are talking about because then we find out that we are still early to the crypto party.

It always amazes me how so many people are plugged into and trust these sources of random misinformation. Who you listen to is extremely important especially when you consider how quickly money can change hands now days… Change (in all sense of the word) is moving at the speed of light… and that’s why things like Bitcoin are so important!

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